Weighted Average or direct price from a specific exchange?

[keithers]

Hey guys, I recently have been selling some shoes and clothing items for bitcoin and litecoin.   When quoting prices in terms of BTC, I am curious as to which exchange you guys are using for the conversion to dollars, or your local currency?   For instance, I sold some Jordans to a trusted member Mameise on this forum, and when giving him a price in BTC, I just went off of Bitstamp (which at the time was priced much lower than Gox or Huobi, but slightly higher than BTC-E.   I was trying to be the most fair for both of us, so I just went off of the exchange in the middle.  Obviously if you are selling for LTC or another alt-coin, you are more than likely going to be tied to BTC-E since they have the highest volume of most alt-coins.   

I know that pricing shifts by the minute obviously on each exchange, but would like to know your thoughts on quoting prices in BTC...  Thanks!

[hilariousandco]

Just use preev. It's an average of a handful of the biggest exchanges. http://preev.com/btc/

[Rannasha]

Just use preev. It's an average of a handful of the biggest exchanges. http://preev.com/btc/

preev includes MtGox prices, which inflates the value.

To the OP: I would just use whichever exchange you use to convert to local currency with. Bitstamp and BTC-e will typically stick rather close to eachother, so the difference for the customer should be small. Just add a notice for customers informing them where you get your exchange rate from.

[Meuh6879]

Mt.gox price exchange is useless ... check virwox (system) or justcoin.
when i transform BTC to Euro, only last 2 is the true about the exchange ... example : 400mBTC = 200 euros (virwox and justcoin indicate 500euros/BTC and mt.gox indicate 720euros/BTC).

[hilariousandco]

Just use preev. It's an average of a handful of the biggest exchanges. http://preev.com/btc/

preev includes MtGox prices, which inflates the value.

To the OP: I would just use whichever exchange you use to convert to local currency with. Bitstamp and BTC-e will typically stick rather close to eachother, so the difference for the customer should be small. Just add a notice for customers informing them where you get your exchange rate from.

You can choose which exchanges make up the average from the options.

[Analyticse]

Just use preev. It's an average of a handful of the biggest exchanges. http://preev.com/btc/

preev includes MtGox prices, which inflates the value.

To the OP: I would just use whichever exchange you use to convert to local currency with. Bitstamp and BTC-e will typically stick rather close to eachother, so the difference for the customer should be small. Just add a notice for customers informing them where you get your exchange rate from.

BitStamp   - 1 (33.3%)
Mt. Gox   - 1 (33.3%)

i am thin kthis what normal for future

[keithers]

Thanks guys!